Maha CSR Authority proposed for fund utilisation: CM Fadnavis

Mumbai, Aug 21 (IANS) Chief Minister Devendra Fadnavis on Friday directed officials to submit a proposal to establish the ‘Maha CSR Authority’ to ensure a more effective, transparent, and coordinated utilisation of Corporate Social Responsibility (CSR) funds in Maharashtra.

He noted that because various CSR initiatives are currently being executed independently at different levels, a central authority is needed to provide a unified platform for these efforts.

The CM will head the Authority, while senior state officials and industry representatives will serve on the Governing Council. The Chief Executive Officer (CEO) will work as Member-Secretary of the Governing Council and Head of the Executive Council.

CM Fadnavis stated that the proposed ‘Maha CSR Authority’ should focus on coordinating, monitoring, and ensuring the proper deployment of CSR funds.

He directed authorities to prepare a high-quality “project bank” aligned with government priorities and make it accessible to corporations and non-governmental organisations (NGOs).

He also said the authority should help eligible Small and Medium Enterprises (SMEs) select suitable projects and NGOs, while promoting exemplary CSR practices across the state.

The core objective of this initiative is to extend financial backing to priority government projects through CSR funding when necessary.

The initiative will also place special emphasis on maintaining and repairing projects funded through CSR.

CM Fadnavis pointed out that many projects become non-functional after a few years because they lack maintenance funds.

To avoid this, he instructed that the proposed CSR authority prioritise the upkeep and repair of older projects.

The Chief Minister also suggested exploring the concept of ‘Diaspora Connect’ to mobilise CSR and social development funds through the participation of Maharashtrians residing abroad and outside the state.

–IANS

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